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Yes, military pensions in India are taxable under the Income Tax Act. However, they are classified as "pension" income and are subject to taxation based on the individual's total income. Certain exemptions may apply, such as relief for disability pensions, which may not be fully taxable. It's advisable for pensioners to consult a tax professional for specific guidance based on their circumstances.
What else can I help you with?
What is the amount of pension granted to vice president of India?
no pension for vice-president after his retirement.
How much pension does governor of any state of India gets?
20p an hour
You retired as under secretary to the governmen of India on 30th April 1994 your old pension is rs5961 plus d p rs2980 rs8941 pension then commuted was rs737 what will be the formula to calcu?
Old Pension Rs.5961 D P 2980 = Rs.8941. Advise new pension + D A. Old Pension Rs.5961 D P 2980 = Rs.8941. Advise new pension + D A.
What are the benefits of military service in India?
The biggest benefit of military service in India undoutedly is a CLEAN and HEALTHY lifestyle
Please give the full contact address of Central Pension Processing Cell of SBI in CHENNAI.?
It is in State Bank of India main Branch Rajaji saalai, Chennai 600001 i want centrall pension processing cell address and phone no\
Is a government military pension taxable?
Yes, military pensions are considered taxable income in the United States. Just be sure what you are receiving is actually a pension payment and not a compensation payment, which is not taxable.
Are military pensions taxable?
Yes, you pay state and federal taxes on the pension.
Defence pension is taxable or not?
no tax on defence pension
Is your pension taxable?
yes
Is the Employees' Provident Fund pension received after retirement taxable?
No, it is not taxable
Do you have to put va disability benefits on taxes forms?
No. VA disability isn't taxable and you won't get a 1099 for this income. If you are also receiving regular military pension, your 1099-R will only include the taxable portion and will not include your VA disability portion.
Is old age pension taxable?
Yes, old age pension is typically taxable at the federal level in the United States. The amount of tax owed depends on your total income for the year. However, some states do not tax old age pension income.
How many service are taxable in service tax India?
116 service taxable in india
Details of the hike announced rearding the defence pension?
Defence pension is taxable or not? Give details of authority , notifications or circular if any .
Is your postal pension taxable?
Yes the taxable amount of the distributions that you receive from your postal pension plan will be added to all of your other gross income and will be subject to federal income tax at your marginal tax rate. You will receive a 1099-R with the information that you will use to report the gross amount and the taxable amount on your 1040 tax form.
Are pension arrears taxable?
Yes, pension arrears are generally considered taxable income in the year they are received. When you receive back payments for past pension benefits, those amounts are typically subject to income tax. It's important to consult a tax professional to understand the specific implications and reporting requirements based on your situation.
Is the salary of President of India taxable?
no no
